Group Health Insurance | Best Group Mediclaim Insurance Plans in India

Name: Group Health Insurance
Brand: Pazcare
Rating: 4.1 (6596 reviews)

What is group health insurance?

A group health insurance (GHI) provides health insurance coverage to employees or members of an organization. Usually, it is offered as a part of employee benefits by most organizations/employers as they bear the premium paid towards the policy.

Also known as corporate health insurance or group mediclaim policy, the coverage benefits can also be extended to the family members of the employees based on the type of plan opted for.

Why buy group health insurance for your employees?

Tailor-made benefits

Unlike any retail health insurance plan, group medical insurance is highly customizable according to your needs. In simple words, you only pay for what you choose.

Tax benefits

Employers can claim tax benefits when they pay a premium for group medical insurance, according to the Income Tax Act of 1961.

Improve job satisfaction

60% of employees feel benefits can improve job satisfaction. Healthcare benefits like group health insurance can lead to an engaged and productive workforce.

Employer branding

Offering a group health insurance policy with added benefits can promote goodwill generation and attract talent. What’s better than hearing “This workplace is awesome”

Enhance employee retention

“The grass is greener on the other side”. So, don’t let your team look on the other side. By offering competitive healthcare benefits like a group health insurance policy with maximum benefits apart from the regular wages, you can improve employee retention.

Financial protection

The COVID-19 pandemic and lifestyle diseases are the major reasons for hospitalization now. Offering the group mediclaim insurance policy for employees can play a big role in financially securing your employees during any medical emergencies.

Insurers	Claim Settlement Ratio	Network Hospitals
Aditya Birla group health insurance	70.81%	9000+
Bajaj group health insurance	92.24%	6500+
SBI group health insurance	66.08%	6500+
HDFC Ergo group health insurance	86.52%	13000+
ICICI Lombard Group Health Insurance	78.67%	6500+
Acko group health insurance	74.09%	7000+
Care group health insurance	95.47%	8300+
Chola MS group health insurance	56.25%	10000+
Edelweiss Group Health Insurance	85.57%	2578+
Future Generali Group Health Insurance	82.96%	5100+
Go Digit Group Health Insurance	77.17%	6400+
IFFCO Tokio Group Health Insurance	96.33%	5000+
Kotak Mahindra Group Health Insurance	75.45%	3976+
ManipalCigna Group Health Insurance	85.72%	4000+
Niva Bupa group health insurance	89.46%	7600+
Oriental Group Mediclaim Insurance Policy	93.96%	4300+
Reliance Group Health Insurancey	98.12%	8014+
Royal Sundaram Group Health Insurance	81.50%	5000+
Star group health insurance	78.62%	12000+
Tata AIG group health insurance	76.04%	7200+
United India Group Health Insurance	78.03%	7000+

Features of group health insurance plan

Customizable benefits at affordable premiums

A group health insurance policy is always customizable according to your group size and needs. You can choose your add-ons and copay.

No-medical tests required

Unlike a retail health plan, your group health insurance does not require medical tests before purchasing the policy.

0 waiting period

Unlike your retail plan, your group mediclaim plan has 0 waiting period for covering pre-existing diseases.

Cashless network hospitals

Employees and their dependents covered in the policy can go cashless at all network hospitals offered by your insurer.

Covid hospitalizations covered

Now all your group health insurance plan provides coverage for hospitalization expenses to Covid-19 once you are tested positive.

What should your group health insurance cover?

In-patient hospitalization expenses

Cover all your in-patient hospitalization expenses depending on the terms and conditions of the policy.

Cashless claims

Don’t pay a penny at network hospitals. Employees can easily avail cashless claims with just their phones.

Pre-existing diseases coverage

All your pre-existing diseases are covered from day 1 of the policy.

Maternity coverage

Have a young team? Opt for maternity insurance as an add-on with your group health insurance plan

Pre and post hospitalization expenses

Depending on the type of plan and benefits opted the pre and post hospitalization charges are covered.

Covers family

Opt for plans to include spouse, children and parents parents in the group health insurance policy at lower prices than a retail plan.

Covid-19 coverage

All hospitalization expenses related to Covid-19 are covered by your corporate medical insurance.

Customized policy - Group health plan for companies of all sizes

Group health insurance doesn’t have to be one-size-fits-all. We help you design and manage policy based on your company’s size, growth, and of course, your employees.

Group health insurance for small business/startups

Founders of a startup have a million things to worry about. We ensure employee insurance isn’t one of them. Pazcare makes buying and managing group health insurance easy even for a team as small as 2.

Group health plan
for high-growth companies

Managing group health insurance can be a struggle for any high-growth company with rapid hiring and expansion. We’ve got you covered with our sophisticated tech-based admin and employee dashboard.

Corporate health insurance for large enterprises

We help you provide a health insurance that is inclusive, extensive and much-needed for your team considering the varied interests of employees in large enterprises. You can consult with us to customize and offer the best policy.

Group health insurance from Pazcare

Pazcare aims to make employee insurance experience seamless by reducing work for HRs and enabling employees to make the most out the policy.

One point of contact

No waiting on customer support calls. From the day you purchase the GHI policy, you will have a dedicated SPOC to handle your employees and help you out at all times.

Not just a broker, but also a consultant

We’ll help you understand and design the best suitable policy for you and your team with demography, requirements, budget, current employee benefits, etc.

The super top-up feature

Your employees can increase the sum insured and add more members to the plan on their own using the super top-up feature.

Beyond just health insurance!

Now go a level further by adding health and wellness plans like therapy, wellness sessions, unlimited doctor consultations, and many more to your group health insurance policy.

Policy coverage from day 1

Policy is activated as soon as you buy and employees can use their insurance from day 1.

Pazcare dashboard advantage

Manage your policy, add/delete employees, and access employee and family details without hassles at one place using the employer experience dashboard.

HRMS integration

Pazcare dashboard can be easily integrated with your HRMS to automate endorsements.

Mobile app for employees

Easy access to policy details, inclusion and exclusions using the mobile application.

Digital health card

Forget papers! The health insurance ID card is available for download at any time in your mobile app.

Things to know before buying a group health insurance policy

Claim settlement ratio of the insurer

The CSR/Claim Settlement Ratio of the insurer is the number of claims settled to the number of claims received by the insurer. Always prefer an insurer with a good CSR.

Network hospitals coverage

Your employees can live in any part of the country and mishaps can occur anywhere. So prefer an insurer with good network hospitals coverage to avail cashless claims.

Add-on benefits

Always look for the number of add-on benefits like dental coverage, maternity insurance, etc your insurer offers.

Customer claim experience

You know the struggle in manually getting claims settled with insurers. Let us make your claim experience less manual and quicker.

Ease of endorsements

Choose the insurer that does not make the group health insurance experience hard by involving third parties for editing employee details.

Documents required for group health insurance policy

For a fresh policy

Name of the employee and employee ID
Personal details like name, age, gender, marital status
List of the dependents
Details on the add-ons and sum insured.

For renewals

Active data of the employees - name, age, gender
Claim analysis report
Claim dump report from the insurer/TPA
Policy copy

Who should buy group health insurance?

YOU!

HR leaders

For a 10/10 employee experience and satisfaction

Founders/CXO

For staying on top of your employer branding

Finance controllers

Healthcare benefits that are “value for money”

Group health insurance vs Individual health insurance

Parameters	Group health insurance	Individual health insurance
The insured	All employees and dependents (if employers wants to)	The policyholder if individual policy. Policy holder and the family/dependents if a floater policy.
Policy buyer	The employer buys the policy for the employees.	The policy holder buys it for oneself
Covering parents	Employers can cover parents easily with a much lesser premium as compared to retail insurance	Very high premium, chances of not getting insurance is high if parents have pre-existing diseases. There is a waiting period as well.
Pre-existing diseases	Be it employees or dependents covered in the policy, pre-existing diseases are covered from day 1 with zero waiting period.	Pre-existing diseases are covered only after a certain waiting period which generally is from 2 to 4 years.
Add-ons/riders	Group health insurance is very customizable. Employers can choose the add-ons they want along with the base policy for an affordable premium.	Add-ons like maternity, vision, dental can be bought along with the policy. The pricing and add-ons that can be added varies with insurer.

How to claim your group health insurance?

Cashless claim

Get to the nearest network hospital
Show your health insurance ID card, company ID card and proof of identity.
Your insurer will settle your medical bill with the hospital.

Reimbursement claim

Collect all the original bills and supporting documents required.
Contact us at support@pazcare.com

Pazcare Reviews

They love their employee benefits!

4.1 / 5

Rating based on
(6596 reviews)

Shreya Roy

4.5 / 5

The Dashboard is very easy to use and additions and deletion have become extremely easy and seamless. Employees have easy access to insurance details on the app

Hemanth Kumar Addada

5 / 5

The dashboard is also very user-friendly with a very good UI/UX.

Vishwanath HY

5 / 5

Dashboard really helps in getting quick response for any queries and reimbursement

Shraddha Shikhare

4.5 / 5

Hassle-free and quick onboarding of employees into the medical service and queries resolved asap.

Manasa Deval

5 / 5

Everything online. Buying, onboarding, claims— everything is digital and easy. The onboarding experience specifically was good.

Ranjith Singh

4.5 / 5

My leadership team is happy that the HR team has made the right choice. Have got the best policy for the best premium. The dashboard is really time-efficient.

Sumaya Begum

4.5 / 5

We have had employee insurance before. But with Pazcare our employees understand it much better and have easy access. This has helped a lot in reducing the dependency on HR.

Ankita Mishra

4 / 5

Loved having options to get add-ons along with group insurance.

Dhvanil Pipaliya

5 / 5

I got quick and satisfactory replies and the entire process was fast. I got the claim amount in less than one week after submitting my claim.

Sarlaksha Ganesh

5 / 5

I really appreciate Darshan from your team from the bottom of my heart. His patience, support and availability for queries are all a cut above the rest. His ability to connect with people, empathize with client needs and be super responsive are excellent. We have already got 2 claims settled without effort.

Aman Yadwadkar

4 / 5

Customer support team is prompt. WhatsApp Chatbot is helpful too.

Arundhati Pai

4.5 / 5

Claim management is top-notch. Insurance experience for employees really boils down to claims and we are very happy with it.

Vijaykumar

5 / 5

Got approval in time

Shivani Prasad

4 / 5

Employees are happy with quick responses to their queries, especially with claims. Easy to coordinate.

Singram Sharma

4.5 / 5

I got a GMC policy for my 4-month-old startup with amazing wellness benefits. Love everything about it.

Divya

5 / 5

My team enjoys the wellness activities conducted by Pazcare. They actually participate and look forward to it.

4 / 5

Rating based on
(989 reviews)

Singram Sharma

4.5 / 5

I got a GMC policy for my 4-month-old startup with amazing wellness benefits. Love everything about it.

Divya

5 / 5

My team enjoys the wellness activities conducted by Pazcare. They actually participate and look forward to it.

4.6 / 5

Rating based on
(3023 reviews)

Arundhati Pai

4.5 / 5

Claim management is top-notch. Insurance experience for employees really boils down to claims and we are very happy with it.

Vijaykumar

5 / 5

Got approval in time

Shivani Prasad

4 / 5

Employees are happy with quick responses to their queries, especially with claims. Easy to coordinate.

4.4 / 5

Rating based on
(2193 reviews)

Dhvanil Pipaliya

5 / 5

I got quick and satisfactory replies and the entire process was fast. I got the claim amount in less than one week after submitting my claim.

Sarlaksha Ganesh

5 / 5

Aman Yadwadkar

4 / 5

Customer support team is prompt. WhatsApp Chatbot is helpful too.

4.8 / 5

Rating based on
(913 reviews)

Ranjith Singh

4.5 / 5

My leadership team is happy that the HR team has made the right choice. Have got the best policy for the best premium. The dashboard is really time-efficient.

Sumaya Begum

4.5 / 5

We have had employee insurance before. But with Pazcare our employees understand it much better and have easy access. This has helped a lot in reducing the dependency on HR.

Ankita Mishra

4 / 5

Loved having options to get add-ons along with group insurance.

4.2 / 5

Rating based on
(1267 reviews)

Shreya Roy

4.5 / 5

The Dashboard is very easy to use and additions and deletion have become extremely easy and seamless. Employees have easy access to insurance details on the app

Hemanth Kumar Addada

5 / 5

The dashboard is also very user-friendly with a very good UI/UX.

Vishwanath HY

5 / 5

Dashboard really helps in getting quick response for any queries and reimbursement

Shraddha Shikhare

4.5 / 5

Hassle-free and quick onboarding of employees into the medical service and queries resolved asap.

Manasa Deval

5 / 5

Everything online. Buying, onboarding, claims— everything is digital and easy. The onboarding experience specifically was good.

Frequently asked questions about group mediclaim policy

What is Group Health Insurance?

A group health insurance is a type of health insurance plan that provides coverage to a group of employees working in an organization

Is group health insurance mandatory for employees working in India?

As per the post lockdown Covid-19 guidelines by the Indian government, group medical insurance has become mandatory for employees.

What is the minimum number of employees required for group health insurance?

According to IRDAI an organization with 7 or more lives is qualified to buy group health insurance. But with Pazcare you can get insured for a team as low as 2 members. Check out Paz for startups.

What is corporate health insurance?

Corporate health insurance is the same as group health insurance. It provides health insurance coverage to the employees working in an organization.

Who can get group health insurance?

All employees aged between 18 to 70 years working in an organization are eligible to get group health insurance.

How to get group health insurance?

To get group health insurance, all you have to do is get in touch with Pazcare. Provide us with the requirements, get competitive quotes and get started with the plan that suits you the most. To know more, check out 5 easy steps to get group health insurance.

What are the types of group health insurance plans?

A group health insurance policy has 3 variations.

Employee only/Self (E)
Employee, spouse, and children (ESC)
Employee, spouse, children and parents/in-laws (ESCP)

Buy Group Health Insurance for your team

Put your group health insurance on auto-pilot

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What is group health insurance?

Why buy group health insurance for your employees?

Tailor-made benefits

Tax benefits

Improve job satisfaction

Employer branding

Enhance employee retention

Financial protection

List of group health insurance companies in India

Features of group health insurance plan

Customizable benefits at affordable premiums

No-medical tests required

0 waiting period

Cashless network hospitals

Covid hospitalizations covered

What should your group health insurance cover?

In-patient hospitalization expenses

Cashless claims

Pre-existing diseases coverage

Maternity coverage

Pre and post hospitalization expenses

Covers family

Covid-19 coverage

Customized policy - Group health plan for companies of all sizes

Group health insurance for small business/startups

Group health plan for high-growth companies

Corporate health insurance for large enterprises

Group health insurance from Pazcare

One point of contact

Not just a broker, but also a consultant

The super top-up feature

Beyond just health insurance!

Policy coverage from day 1

Pazcare dashboard advantage

HRMS integration

Mobile app for employees

Digital health card

Things to know before buying a group health insurance policy

Claim settlement ratio of the insurer

Network hospitals coverage

Add-on benefits

Customer claim experience

Ease of endorsements

Documents required for group health insurance policy

For a fresh policy

For renewals

Who should buy group health insurance?

HR leaders

Founders/CXO

Finance controllers

Group health insurance vs Individual health insurance

How to claim your group health insurance?

Cashless claim

Reimbursement claim

Frequently asked questions about group mediclaim policy

What is Group Health Insurance?

Is group health insurance mandatory for employees working in India?

What is the minimum number of employees required for group health insurance?

What is corporate health insurance?

Who can get group health insurance?

How to get group health insurance?

What are the types of group health insurance plans?

Group health plan
for high-growth companies